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IT Security Consulting Services Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Dell Inc., Hewlett-Packard Company, International Business Machines Corporation

07-08-2024 12:30 PM CET | IT, New Media & Software

Press release from: The Business Research Company

IT Security Consulting Services Global Market Report 2024

IT Security Consulting Services Global Market Report 2024

"The new report published by The Business Research Company, titled ""IT Security Consulting Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the IT security consulting services market size has grown rapidly in recent years. It will grow from $27.00 billion in 2023 to $32.15 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The IT security consulting services market size is expected to see rapid growth in the next few years. It will grow to $51.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.

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IoT Devices Fuel Expansion Of The IT Security Consulting Services Market
The proliferation of IoT devices is expected to propel the growth of the IT security consulting services market going forward. IoT devices encompass hardware elements like sensors, actuators, gadgets, appliances, or machines, engineered for particular tasks and capable of data transmission through the internet or other networks. The increasing adoption of IoT (Internet of Things) or IoT devices is driven by the increasing need for efficiency and automation, the proliferation of high-speed internet and wireless communication technologies, and Industry 4.0 and digital transformation. IT security consulting services guide corporations through the challenging process of designing, executing, and managing IoT implementations. IT security consultants assist firms in realizing the full potential of IoT by combining their technological, security, and strategic knowledge to generate innovation, efficiency, and economic value. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, broadband IoT (4G or 5G), the primary connection for most cellular IoT devices, achieved 1.3 billion connections in 2022. By the conclusion of 2028, nearly 60% of cellular IoT connections are expected to be broadband, predominantly utilizing 4G. North East Asia currently leads in cellular IoT connections and is forecast to exceed 2 billion connections by 2023. Therefore, the proliferation of IoT devices is driving the growth of the IT security consulting services market.

Innovative Products And Advanced Assessment Applications Driving IT Security Consulting Services
Major companies operating in the IT security consulting service market are developing innovative products, such as assessment applications, to better serve customers with advanced features. An assessment application is a software tool or platform designed to facilitate the evaluation, measurement, or analysis of various criteria, such as skills, knowledge, performance, or proficiency. For instance, in December 2023, NRI SecureTechnologies Ltd., a Japan-based IT service management company, launched a security assessment service, named AI Red Team that focuses on evaluating systems and services through the utilization of generative AI. As part of this service, NRI Secure's specialists simulate attacks on real systems to assess AI-specific vulnerabilities in LLM (Large Language Models)-based services and identify issues in the overall system, including peripheral functions associated with AI, providing a comprehensive evaluation. This service offers a two-stage assessment process, first targeting risks within the LLM itself, followed by an evaluation of the entire system encompassing the LLM. The assessment results are consolidated into a detailed report outlining the identified problems and suggesting mitigation strategies.

The IT security consulting services market covered in this report is segmented -

1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security
2) By Application: Large Enterprise, SME
3) By End User: Aerospace And Defense, Banking, Financial Services, and Insurance (BFSI), Government And Public Utilities, Healthcare, IT And Telecom, Manufacturing And Retail, Other End Users

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Major companies operating in the IT security consulting services market are Dell Inc., Hewlett-Packard Company, International Business Machines Corporation, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited., KPMG International Limited, Aon Plc, HCL Technologies Limited, Booz Allen Hamilton Holding Corporation, Deloitte Touche Tohmatsu Limited, Lumen Technologies Inc., McAfee Corp., PA Consulting Group, Optiv Security Inc., Trustwave Holdings Inc., Coalfire Systems Inc., Quadrant Technology, IOActive Inc., Maven Security Consulting Inc., KLC Consulting, AsTech Consulting, Appsec Labs Private Limited, Carve Systems LLC, Cigital Inc., CSC Consulting Group, Praetorian Security Inc., Towerwall Inc.

Contents of the report:
1. Executive Summary
2. IT Security Consulting Services Market Report Structure
3. IT Security Consulting Services Market Trends And Strategies
4. IT Security Consulting Services Market - Macro Economic Scenario
5. IT Security Consulting Services Market Size And Growth
…..
27. IT Security Consulting Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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